# PPP loan: NEWARK COMMUNITY HEALTH CENTERS INC
> **$2.54M** approved 05/08/2020 · Paid in Full · Loan `4031957401`
## Borrower
- **Name:** NEWARK COMMUNITY HEALTH CENTERS INC
- **Address:** 741 BROADWAY, NEWARK, NJ, 07104-4309
- **NAICS:** 561499
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.54M
- **Initial approval:** $2.54M
- **Forgiven:** $2.57M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.54M
- **Jobs reported:** 282
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*